Yantai Zhenghai Magnetic Material Co.,Ltd.’s Net Profit Rose 52.7% in 2022

Yantai Zhenghai Magnetic Material Co.,Ltd. (烟台正海磁性材料股份有限公司) (300224.SZ) reported a net profit of 406.8 million yuan in 2022, up 52.7% year-on-year.

Meanwhile, the company posted 6.3 billion yuan in revenue, up 87.5% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.